By providing my phone number to BlueStore South Charlotte, I agree and acknowledge that BlueStore South Charlotte may send text messages to my wireless phone number for the purpose of providing healthcare information. Message and data rates may apply. Message frequency will vary, and you will be able to Opt-out by replying “STOP", assistance can be found by texting "HELP". For more information on how your data will be handled please visit our Copyrights and Privacy Statement.
A health reimbursement arrangement (HRA) is a tax-advantaged benefit that allows both employees and employers to save on the cost of health care.
HRA plans are employer-funded medical reimbursement plans. The employer sets aside a specific amount of pre-tax dollars for employees to pay for health care expenses on an annual basis. Based on the plan design, HRAs can generate significant savings in overall health benefits.
The primary requirements for an HRA are that (1) the plan must be funded solely by the employer and cannot be funded by salary reduction, and (2) the plan may only provide benefits for substantiated medical expenses.
HRAs may be designed in many fashions to suit the specific needs of the employer and employees. It is one of the most flexible types of employee benefit plans making it very attractive to most employers.
BlueStore South Charlotte is the local agency for BlueCross BlueShield of North Carolina.
Want to see how we can assist you today? Contact us today (704) 527-4220.